Will I lose any assets by filing Chapter 7 bankruptcy in Kansas City?

A Chapter 7 bankruptcy filing in Kansas City is often referred to as a “liquidation” bankruptcy since the bankruptcy trustee may be able to seize certain assets in order to pay down some of your debts. However, there are certain types of property that is exempt from seizure in Kansas. A few examples of property that may be exempt from seize include: equity in your home, $1,000 or less of equity in your automobile, and $1,000 or less in other personal property. Bankruptcy laws change and both Kansas and Missouri have different homestead exemptions which may increase the amount of personal property you may claim for exemption.

Filing Chapter 7 bankruptcy in Kansas City could place an immediate stop to any pending home foreclosure, repossessions, forced eviction, wage garnishment, collection efforts, debt lawsuits and harassment by your creditors.

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We handle bankruptcy cases in Kansas and Missouri. Counties and cities within Kansas that are served by our firm include Johnson County, Atchison County, Douglas County, Franklin County, Jackson County, Jefferson County, Leavenworth County, Miami County, Shawnee County, Wyandotte County, Olathe, Shawnee, Mission, Lenexa, Paola, Overland Park, Topeka, Leawood, Lawrence, Ottawa, Leavenworth, Lewisburg and Kansas City. Counties and cities within Missouri that are served by our firm include Clay County, Jackson County, Cass County, Platte County, Kansas City, Columbia, Blue Springs, Lees Summit, Independence and St. Joseph.